Liberty Energy Inc. (NYSE:LBRT) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its holdings in Liberty Energy Inc. (NYSE:LBRT) by 396.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,970 shares of the company’s stock after acquiring an additional 107,795 shares during the period. Mutual of America Capital Management LLC’s holdings in Liberty Energy were worth $2,448,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LBRT. Macquarie Group Ltd. raised its position in Liberty Energy by 181.5% in the first quarter. Macquarie Group Ltd. now owns 8,085,410 shares of the company’s stock valued at $103,574,000 after purchasing an additional 5,213,132 shares during the period. BlackRock Inc. raised its position in Liberty Energy by 38.1% in the third quarter. BlackRock Inc. now owns 13,136,514 shares of the company’s stock valued at $166,571,000 after purchasing an additional 3,621,253 shares during the period. Vanguard Group Inc. raised its position in Liberty Energy by 20.0% in the third quarter. Vanguard Group Inc. now owns 16,972,147 shares of the company’s stock valued at $215,207,000 after purchasing an additional 2,831,183 shares during the period. Eagle Asset Management Inc. purchased a new stake in Liberty Energy in the fourth quarter valued at approximately $36,326,000. Finally, Dimensional Fund Advisors LP raised its position in Liberty Energy by 47.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,528,916 shares of the company’s stock valued at $96,444,000 after purchasing an additional 2,417,129 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Stock Up 1.2 %

Liberty Energy stock opened at $22.37 on Friday. The firm has a market capitalization of $3.73 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.04 and a beta of 1.85. The stock’s fifty day simple moving average is $21.20 and its 200-day simple moving average is $19.68. The company has a current ratio of 1.49, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. Liberty Energy Inc. has a twelve month low of $11.62 and a twelve month high of $23.31.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.90%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. As a group, equities analysts expect that Liberty Energy Inc. will post 2.64 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.25%. The ex-dividend date is Wednesday, June 5th. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.

Insider Activity at Liberty Energy

In related news, CEO Christopher A. Wright sold 20,000 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $22.66, for a total value of $453,200.00. Following the transaction, the chief executive officer now owns 2,858,814 shares of the company’s stock, valued at $64,780,725.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $22.66, for a total value of $453,200.00. Following the completion of the transaction, the chief executive officer now owns 2,858,814 shares in the company, valued at $64,780,725.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ryan T. Gosney sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total transaction of $123,000.00. Following the completion of the transaction, the chief accounting officer now owns 140,706 shares of the company’s stock, valued at approximately $2,884,473. The disclosure for this sale can be found here. Insiders have sold 98,459 shares of company stock valued at $2,077,491 over the last quarter. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LBRT. Barclays boosted their target price on Liberty Energy from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday. Piper Sandler boosted their target price on Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Royal Bank of Canada boosted their target price on Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company upped their price objective on Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Morgan Stanley upped their price objective on Liberty Energy from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.30.

Liberty Energy Profile

Liberty Energy Inc provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services, including complementary services, such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and well site fueling and logistics.